SMM reported on July 29:
Today, the market proposed raising the online price of secondary refined lead by 0-50 yuan/mt, with some upstream suppliers quoting 15,600 yuan/mt and an intended delivery premium of 75 yuan/mt, showing strong willingness to hold prices firm; mainstream spot orders were at ex-factory discounts of 75-25 yuan/mt. Downstream procurement sentiment was cautious, with many enterprises considering secondary refined lead prices high and opting for more cost-effective primary lead, showing low acceptance for high-priced secondary lead cargoes. Market transactions struggled to match, and overall trading performance was poor. Today, the SMM secondary refined lead average price was reported at 15,475 yuan/mt, at a discount of 50 yuan/mt to the SMM #1 lead average price. The supplier shipment sentiment was 0.91, and today's secondary refined lead procurement sentiment was 0.97 (historical data can be queried by logging into the database).
